Independent journal on economy and transport policy
02:00 GMT+1
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On 17 February Hanjin Shipping could be mail in liquidation
the South Korean company could resort in appeal
February 2, 2017
Next 17 February the central district Court of Seul could place term to the attempt of rescue of the company of Hanjin Shipping navigation deliberating the state of liquidation of the society that was placed in controlled administration 16th September.
The date of conclusion of the history of the company shipowning, been born in 1977 and grown until to become the first marine company of South Korea and the seventh world-wide carrier in the segment of the line services, is announced today by the same court specifying that the expiration has been fixed to the term of the period of two weeks in which they could be introduced appeal requests.
In a note Hanjin Shipping has confirmed that the court could establish the state of liquidation as the liquidation value would turn out advanced for survival to necessary the economic resources of the company. The shipowning society has specified that it has to the examination an appraisal on the eventual decision of the Court and on the consequent eventuality of presentation of an appeal within the previewed terms.
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